Bitcoin Struggles to Stay Above $100,000 as Powell’s Comments Roil the Market

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  BTC declines under $100,000 following Powell’s Fed statements, leading to sell-offs and market uncertainty
  
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  Whale trading surges as investors watch BTC resistance at $105,400 for signs of recovery trends
  

Bitcoin [BTC],
dropped below the $100,000 threshold on Wednesday evening, December 18, after remarks from Federal Reserve Chairman Jerome Powell.

During a press conference, Powell […] that the Federal Reserve is not allowed to hold bitcoins and does not plan to pursue legislative changes regarding this matter.

[…] a question about a potential U.S. government Bitcoin reserve. Powell responded:

“We are not seeking a change in the law.”

[…]

At that time,[+]

Bitcoin was trading at
$101,292*, experiencing a decline of 2.01% over the past 24 hours and down 0.18% over the past week.

Powell’s remarks fuel market volatility amid FOMC projections

[…]

[…]
Bitcoin has been moving below key levels recently within its bearish framework.
The suggestion points towards either an approach towards

$99K threshold.[/b][/i] Yet Analysts underline that BTC needs upward movement above $105K zone for confirmation against downward outlook![…]

Whale actions reached around

926k BTC on December 16th indicating institutional engagement continues despite current adversity.
[*source referenced here:* IntoTheBlock]

Market Insights: Trading Volume & Flows Analysis

[…]

Coinglass data showcased an increase with volumes hitting new highs around

$150 billion.* Although Open interests seen minor drop now totaled at $67 billion.[-1%].

On Options side increased about one-third (33%) reaching slightly above **$41 billion** up by *0.84%. ]

December’s net flows show notable accumulation patterns maintaining minimal seller pressures pushing traders into cold.

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